1. Introduction and Scope
Luminary Mtaji Partners ("we," "us," or "our") is committed to protecting your privacy. This Privacy Policy explains how we collect, use, disclose, and safeguard your personal and financial information when you visit our website or apply for our asset financing services. This policy complies with the Data Protection Act, 2019 of Kenya and other applicable data privacy regulations.
2. Information We Collect
We may collect personal data that you voluntarily provide to us when expressing an interest in obtaining information about us or our products. The personal information we collect may include:
- Identity Data: Full name, national ID or passport number, KRA PIN, date of birth, and gender.
- Contact Data: Email address, postal address, physical business address, and telephone numbers.
- Financial Data: Bank account details, M-Pesa statements, income history, credit history from Credit Reference Bureaus (CRBs), and existing loan commitments.
- Asset Data: Information regarding the assets you intend to finance, including logbooks, valuation reports, and insurance documents.
3. How We Use Your Information
We use the information collected to:
- Process, appraise, and approve your asset financing applications.
- Verify your identity and conduct necessary KYC (Know Your Customer) and AML (Anti-Money Laundering) checks.
- Assess your creditworthiness by accessing your records from licensed CRBs in Kenya.
- Administer your financing account, manage repayments, and facilitate collections.
- Communicate with you regarding your account, updates to our terms, or promotional offers.
4. Information Sharing and Disclosure
We do not sell or rent your personal information to third parties. We may share your information in the following situations:
- With Service Providers: We may share data with trusted third parties who assist us in operating our business, such as valuers, insurance companies, CRBs, and payment processors.
- For Legal and Regulatory Reasons: We may disclose your information if required to do so by law, court order, or governmental regulations, including reporting to the Central Bank of Kenya (CBK) or the Financial Reporting Centre (FRC).
- In Case of Default: We may share your information with external debt collection agencies or legal counsel if you default on your financing obligations.
5. Data Security and Retention
We implement appropriate technical and organizational security measures designed to protect the security of any personal information we process. We retain your personal information only for as long as necessary to fulfill the purposes outlined in this Privacy Policy, or as required by Kenyan law (typically a minimum of 7 years for financial records).
6. Your Data Rights
Under the Data Protection Act, 2019, you have the right to:
- Access the personal data we hold about you.
- Request correction of inaccurate or incomplete data.
- Object to the processing of your data for direct marketing purposes.
- Request deletion of your data, subject to our legal and regulatory retention obligations.
7. Changes to this Privacy Policy
We may update this Privacy Policy from time to time. The updated version will be indicated by an updated "Revised" date and will be effective as soon as it is accessible. We encourage you to review this privacy notice frequently to be informed of how we are protecting your information.
8. Contact Us
If you have questions or comments about this policy, or wish to exercise your data rights, you may contact our Data Protection Officer at:
Email: info@luminarymtajipartners.co.ke
Phone: +254 723 021 948
